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Views: 58 DOM: 136 Updated: 11.02.24 Posted: 08.07.24 Status: Active

Summary

Price $5,001,465
Built/Renov 1999
Tenant P.F. Chang's (GL)
Cap Rate 7.10%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 7,817
Lease Start 01-01-2000
#Units 300
Price/SF $639.82
Expiration 12-31-2029
Tenant Type Casual Dining
NOI $355,104
R. Term 5.0
Ownership Ground Lease
Rent/SF $45.43
Increases 0.0%/0/yrs
Pop 5Mi 264,817
Lot/AC 1.87
Options 2/5yrs
AHHI 5Mi $152,957

Lease Highlights

  • P.F Chang’s has been operating in this location since 2000
  • The tenant has 5+ years remaining on the current ground lease term with 2 (5-year) options to extend
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

P.F. Chang's is strategically located on Fountain Square Drive, with access to 43,500 vehicles passing by daily. The property enjoys close proximity to Interstate 88 (161,100 VPD) and Interstate 355 (120,500 VPD). Additionally, it is positioned between Yorktown Center and Oakbrook Center, two prominent regional shopping destinations that generate consistent traffic through the area. Nearby...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: P.F. Chang's
  • Guarantor:Corporate
  • Company:TriArtisan/Paulson & Co.
  • # Units:300
  • Stock:Private

About Tenant

P.F. Chang’s China Bistro, Inc. (P.F. Chang’s) is an Asian culinary brand, featuring made-from-scratch cuisine stemming from the roots of Japan, Korea, Thailand, and more. The restaurants feature...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 8,954 86,257 257,112
2024 Total Population : 8,143 87,334 260,874
2024 Employed Civilian Pop : 4,225 45,589 138,456
2024 Total Businesses : 1,160 6,916 15,013
2024 Average Household Income : $ 121,222 $ 138,743 $ 159,970
2024 Total Consumer Spending : $ 419 M $ 4315 M $ 14095 M
2024 Median Age : 47 43 42
2024 Total Households : 3,968 35,988 102,749
2024 Pop Age 25+: Bachelor's Degree : 2,658 21,794 63,293
2024 Average Home Value : $ 397,059 $ 465,501 $ 539,747
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Butterfield Road Butterfield Rd 2019 43,500 0.12 mi
S Meyers Rd Fountain Square Dr 2012 18,800 0.15 mi
22nd St School St 2012 14,600 0.18 mi
S Meyers Rd Butterfield Rd 2012 15,900 0.21 mi
2010 900 0.23 mi
Meyers Rd S Meyers Rd 2010 21,100 0.26 mi
Meyers Road 2016 18,400 0.29 mi
Butterfield Rd Transam Plz Dr 2013 46,800 0.48 mi
Butterfield Rd Camden Ct 2008 20,000 0.56 mi
I- 88 Meyers Rd 2013 161,100 0.56 mi

Listing Broker

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